SRA Annual Report 2024-25: Financial Summary
Somerset Rivers Authority (SRA) gets annual funding from two sources. Firstly, council tax. In the 2024-25 financial year, £3,059,000 came via Somerset Council (equating to £14.65 for a Band D household). Secondly, the Parrett and Axe Brue IDBs each gave £10,000. Local Partner Funds thus totalled £3,079,000.
In March 2024, the SRA Board moved extra funds out of contingency and set an overall budget of £3,659,000. This included £2,751,600 for the SRA’s 2024-25 Enhanced Programme of works, £310,000 for four full-time staff, a part-time Technical Adviser post, administration and overheads; and £597,000 for contingency.
The 2024-25 Enhanced Programme contained 16 schemes and activities, some with numerous individual elements. Two schemes were added during the year, with grants of £216,500. All Enhanced Programme works are designed to advance Somerset’s 20 Year Flood Action Plan and SRA Strategy 2024-34.
Spending of Local Partner Funds in 2024-25
Many actions and initiatives are completed within one financial year. Some require longer-term research, design, planning and implementation. The tables below show all of the Local Partner Funds held by the SRA at the beginning of the 2024-25 financial year and the SRA’s total actual spending during that year.
